NEW DELHI: Centre’s fiscal deficit hovered around 18% of the full year’s estimate at the end of the first quarter, despite elevated capex and a slower growth in tax revenue due to the impact of GST rationalisation.During April-June, the Centre’s tax revenue was 3.7% higher at just over Rs 9 lakh crore, compared with a…
President Donald Trump holds up a red card during a meeting with FIFA president Gianni Infantino FIFA has abandoned its controversial plan to sell a minority stake in its commercial operations, including the FIFA World Cup, following strong opposition from football federations and internal criticism.FIFA President Gianni Infantino announced on Friday that the proposal would…
The latest addition to the United State’s to-do list is Japanese currency, yen.Signs that Washington was preparing to back Japan’s currency came to light on Friday after a photograph from US President Donald Trump’s cabinet meeting at Camp David showed US treasury secretary Scott Bessent weighing purchases of between $5 billion and $10 billion worth…
MUMBAI: Domestic funds now own a record 21% of India Inc’s biggest companies, while foreign funds, that have been selling stocks of Indian companies for nearly two years now, hold 17%, down from 21.5% a decade ago. It took domestic funds to net infuse funds worth about $166 billion in Indian stocks to offset $58…
Prices of commercial LPG cylinder will now be Rs 2,728 while it will cost will be at Rs 2,872.50 in Kolkata NEW DELHI: The prices of commercial Liquefied Petroleum Gas (LPG) cylinders have been reduced effective August 1, with cuts announced in Delhi and Kolkata.The price of a 19 kg commercial LPG cylinder has been…
BENGALURU: Cybercriminals are exploiting the income-tax return (ITR) filing season by sending fake income tax department notices over WhatsApp and other messaging platforms, using forged govt documents, cloned tax portals and malware to steal banking credentials and gain remote access to victims’ devices, according to a report by Bengaluru-based cybersecurity firm CloudSek.The campaign comes at…
MUMBAI: Bloomberg Index Services has delayed the inclusion of India’s sovereign bonds in its global bond indices, saying recent market reforms need more time to be tested in practice before a decision can be taken.The index provider said that while India has made meaningful progress in improving access for foreign investors, the changes are still…
MUMBAI: Zee has won shareholder approval to issue convertible warrants to its promoters, clearing the 75% threshold required under Indian company law by a narrow 1.6 percentage points, with 76.6% of votes cast in favour. The approval lets Zee issue 24.95 crore warrants to promoters at Rs 126 apiece, raising Rs 3,144 crore. Conversion will…
MUMBAI: RBL Bank has secured a credit rating above India’s sovereign rating with Moody’s assigning the lender a first-time Baa2 long-term issuer and deposit rating, one notch above India’s Baa3 sovereign rating, on expectations of support from its majority shareholder, Emirates NBD Bank. The rating agency assigned a stable outlook.The higher rating follows Emirates NBD’s…
Sanctions and trade experts say it would establish a new precedent by allowing future presidents to use secondary tariffs to target entire countries. (AP photo) US President Donald Trump may not find it easy to get the new bill championing fresh sanctions on Russia and countries that trade with it passed. The proposed legislation would…
